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Listen Up for ECB Signal in Noise on How Rates, QE Interact

  • President Draghi heads row of policy speeches from Thursday
  • Policy makers have been staking out their views for QE exit
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Photographer: Ia Simmonds
Updated on

Over the past few weeks, the European Central Bank’s policy debate has sounded a bit like an orchestra warming up. In the next 72 hours though, there’s a chance that a hint of a tune will emerge.

In comments led by ECB President Mario Draghi’s speech at 9 a.m. in Frankfurt on Thursday, and continuing with contributions by policy heavyweights including Peter Praet and Vitor Constancio during the day, before wrapping up with Governing Council members from Ireland and France by Friday, investors are looking for signs of consensus.